According to Bloomberg, stocks in Europe fell along with US futures as investors wait for results of meeting between the presidents of the US and China that will determine future development of the trade conflict between two countries. US Treasuries declined, while dollar gained.
It is already obvious that London’s real estate market is in bad shape as it faced such additional problems as higher taxes and warning from Bank of England on possible price decline by 30% in case of worst Brexit scenario, Bloomberg reports.
Quantity of signed contracts for purchase of secondary housing in the US unexpectedly fell by the most since January to the lowest level since the middle of 2014 amid accumulating signs that housing markets of the country is experiencing problems, Bloomberg reports.
American chain of hotels Marriott International Inc informed on Thursday that it is going to open about 30 hotels Courtyard by Marriott in Europe during next two year, Reuters reports. Among new markets for the corporation are Finland and Iceland.
Oil price recovered to $51 per barrel level in New York after news that Russia agreed to cut output together with OPEC, Bloomberg reports.
WTI oil is close to show more than 21% losses this month, which might be the worst one since the Great Depression of October 2008.
Swedish economy showed contraction in third quarter, Bloomberg reports. It did not meet expectations of analytics and puts doubts on plans of central bank to raise interest rates next month.
According to Bloomberg, US Treasuries yield for short time fell below 3% first time since September after US Fed’s head speech. US futures however declined, while growth of stocks in Europe was limited. Dollar fluctuates.
Europe’s bonds gained. Euro lost all its previous growth after a whole row of negative economic data.
The largest economy in Europe shows signs of staying on solid feet, Bloomberg reports. Unemployment in Germany fell to the record low level despite of decline in business confidence and economic activity in the region.
Global banks hit by Brexit consequences are transferring about 800 billion euro of assets to Frankfurt, Bloomberg reports.
Most part of assets will be moved in first quarter of next year. In this way banks prepared to possible hard exit of the UK from European Union, despite of recent progress in Brexit deal.
European stocks gained right after opening today, Bloomberg reports. Shares of mining and IT-companies are leading within stock index of Europe that followed US futures higher after comments of US Fed’s head.
Oil prices fell even more as too big increase in US inventories strengthened worries about supply surplus ahead of meeting between Russia and Saudi Arabia, Bloomberg reports.
The largest wealth volume in Asian-Pacific region is held by rich people from Japan, as they have $7,7 trillion, however, wealthy people from China get closer, Bloomberg reports.
